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3 of 5 people found the following review helpful
5.0 out of 5 stars Excellent and timely (tho' depressing) review. A clear analysis for non- specialists, 10 Sep 2011
This review is from: The Strange Non-Death of Neo-Liberalism (Paperback)
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This is a question many of us have been asking: with the abject failure of neo-liberalism, how come it isn't in full scale retreat? On the contrary it seems to have used its latest disaster to trumpet its message (shrink the state - unfettered freedom for business). Only this week academic economists have been railing against the injustice of a 50% tax for exceedingly wealthy people using clichés instead of evidence, and in fact in the teeth of the available evidence that reducing tax on the poorest does far more for the economy than decreasing it for the richest.

The answer is unsurprisingly in the power of the global corporations to frighten & intimidate governments, and the vast amounts of money they can mobilise to lobby and bribe their way to the changes that suit them.

The analysis is excellent and the style is accessible an audience (me in this case) who don't have academic credentials in this area.

The one jarring note is his solution: he proposes that it is the little man, standing up for his small corner, as our only bastion against the march of the corporations. This seems a rather defeatist stance. Surely we should be trying to put the mettle into our governments, seek international agreements so that corporations couldn't pick and choose between countries with such abandon for the consequences. But that is a minor point and it arguably not the job of the academic to find a solution, but to present a convincing analysis of the problem - and this he does admirably. This reader is certainly the better for his incisive analysis.
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Showing 1-1 of 1 posts in this discussion
Initial post: 12 Sep 2011 13:41:36 BDT
S Wood says:
Good review. The so called academics who wrote the letter you refer to were orchestrated by a PR company who are running a lobbying campaign funded by god knows who. The type of person they were refering to, in particular foreign nationals who are allegedly investing (speculating?) in the U.K. are already paying next to nothing in taxes. The only people who would benefit from a tax reduction are those indigenous tax payers earning in excess of £150,000 who are not already or able to dodge tax. I highly recommend Nicholas Shaxsons excellent "Treasure Island" for one journalists account of the tax dodging industry if you've not already done so.
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